The company consistently reports zero revenue while maintaining significant SG&A expenditures, exemplified by the $591.0K in costs recorded during 2025Q3.
| Sales/Revenue | 0 | 97.53M | 77.44M | 65.83M |
| Revenue Growth % | -100% | 25.94% | 17.65% | - |
| Cost of Goods Sold | 0 | 84.22M | 63.6M | 55.25M |
| COGS % of Revenue | - | 86.34% | 82.12% | 83.93% |
| Gross Profit | 0 | 13.32M | 13.85M | 10.58M |
| Gross Margin % | - | 13.65% | 17.88% | 16.07% |
| Gross Profit Growth % | -100% | -3.81% | 30.86% | - |
| Operating Expenses | 2.13M | 15.71M | 10.24M | 6.54M |
| OpEx % of Revenue | - | 16.11% | 13.23% | 9.94% |
| Selling, General & Admin | 1.93M | 15.71M | 10.24M | 6.54M |
| SG&A % of Revenue | - | 16.11% | 13.23% | 9.94% |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 200K | -885.92K | -435.31K | -169 |
| Operating Income | -2.13M | -2.39M | 3.6M | 4.04M |
| Operating Margin % | - | -2.45% | 4.65% | 6.14% |
| Operating Income Growth % | 10.86% | -166.48% | -10.84% | - |
| EBITDA | -772K | -22K | 5.11M | 4.66M |
| EBITDA Margin % | - | -0.02% | 6.6% | 7.08% |
| EBITDA Growth % | -3409.09% | -100.43% | 9.58% | - |
| D&A (Non-Cash Add-back) | 0 | 2.37M | 1.51M | 623.46K |
| EBIT | -772K | -1.4M | 2.95M | 5.46M |
| Net Interest Income | 1.36M | -508K | -191K | -118K |
| Interest Income | 1.36M | 2.1M | 1.19M | 0 |
| Interest Expense | 0 | 507.8K | 191.15K | 117.56K |
| Other Income/Expense | 0 | 983.47K | -840K | 1.31M |
| Pretax Income | -772K | -1.41M | 2.76M | 5.34M |
| Pretax Margin % | - | -1.45% | 3.57% | 8.12% |
| Income Tax | 244.06K | 550.47K | 620.14K | 758.14K |
| Effective Tax Rate % | -31.61% | -39.03% | 22.46% | 14.18% |
| Net Income | -1.02M | -1.37M | 1.99M | 4.56M |
| Net Margin % | - | -1.41% | 2.56% | 6.93% |
| Net Income Growth % | 26.06% | -169.18% | -56.48% | - |
| Net Income (Continuing) | -1.02M | -1.96M | 2.14M | 4.59M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 2.37M | 2.77M | 23.77K |
| EPS (Diluted) | -0.18 | -0.01 | 0.02 | 0.04 |
| EPS Growth % | -1551.38% | -169.43% | -56.51% | - |
| EPS (Basic) | -0.18 | -0.01 | 0.02 | 0.04 |
| Diluted Shares Outstanding | 5.5M | 126.22M | 126.22M | 126.22M |
| Basic Shares Outstanding | 5.5M | 126.22M | 126.22M | 126.22M |
| Dividend Payout Ratio | - | - | - | - |
Imminent liquidity and solvency risk
Based on the provided financial data, GCLWW consistently reports zero revenue while maintaining significant SG&A expenditures, such as the $591.0K recorded in 2025Q3, which suggests an unsustainable cost structure that lacks the necessary top-line support to justify ongoing operational burn rates for the business.
The absence of reported revenue across all provided periods makes it impossible to assess the efficiency of the company's cost structure. Investors should monitor whether these SG&A outlays represent essential investments in market positioning or merely fixed overhead that the company cannot support in its current state.
As reported in recent financial statements, GCLWW exhibits erratic net income swings, including a $41.0K profit in 2025Q4 following a $471.2K loss in 2025Q3, which suggests that bottom-line results are likely driven by non-operating items rather than consistent, core business performance or sustainable operational profitability.
The frequent oscillation between net losses and minor profits indicates a lack of earnings quality and predictability. This volatility warrants further investigation into the nature of these non-operating adjustments, as they appear to obscure the underlying reality of a business that is not yet generating reliable income.
According to the income statement history, GCLWW consistently reports negative operating income, reaching a low of -$978.0K in 2024Q3, which indicates that the company lacks the scale or pricing power required to cover its fixed operating expenses through its current business model and distribution activities.
The persistent negative operating margin suggests that the company is currently unable to achieve the necessary economies of scale to reach break-even. Without a clear path to positive operating leverage, the company remains highly dependent on external financing to sustain its ongoing operational requirements.
Based on reported figures, the company's inability to generate consistent revenue while maintaining high SG&A costs suggests a fundamental disconnect, leading to the inference that the current business model may be structurally unviable without a significant pivot or immediate infusion of new capital to survive.
Short-sellers would likely focus on the lack of revenue transparency and the precarious cash position as primary indicators of distress. The reliance on non-operating items to achieve occasional net income suggests that the core business is not yet self-sustaining, posing a significant risk to long-term equity holders.
Quick answers to the most common questions about buying GCLWW stock.
For fiscal year 2025, GCL Global Holdings Ltd Warrants (GCLWW) reported total revenue of $0.0M. This represents a 100.0% decline compared to $65.8M in 2022.
GCL Global Holdings Ltd Warrants (GCLWW) reported a net loss of $1.0M for the fiscal year ending 2025.